Netflix To Rally Around 23%? Here Are 10 Other Analyst Forecasts For Friday
Portfolio Pulse from Lisa Levin
Several analyst forecasts were released on Friday, with price target changes for multiple companies. Notably, Raymond James lowered Ulta Beauty's price target from $600 to $550, Rosenblatt boosted IMAX's price target from $27 to $30, and Loop Capital increased Netflix's price target from $425 to $500. Other companies affected include Fidelity National Information Services, Domo, Workday, FactSet Research Systems, Dollar Tree, Ferrari, Abercrombie & Fitch, and Intuit.
August 25, 2023 | 12:08 pm
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NEUTRAL IMPACT
Raymond James lowered Ulta Beauty's price target from $600 to $550, maintaining a Strong Buy rating.
The price target reduction might cause some short-term uncertainty among investors, but the Strong Buy rating indicates continued confidence in the company's performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Rosenblatt boosted IMAX's price target from $27 to $30, maintaining a Buy rating.
The increased price target and maintained Buy rating suggest positive expectations for IMAX's performance, which could boost investor confidence and potentially drive the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Loop Capital increased Netflix's price target from $425 to $500, upgrading the stock from Hold to Buy.
The increased price target and upgrade from Hold to Buy indicate positive expectations for Netflix's performance, which could boost investor confidence and potentially drive the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100